Knowledge Realty Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Knowledge Realty Trust has filed a quarterly statement confirming that there has been no deviation or variation in the use of proceeds raised through its IPO and Non-Convertible Debenture (NCD) issuance. The Trust raised Rs. 48,000 million via IPO on August 12, 2025, of which Rs. 46,400 million was allocated for repaying financial indebtedness of its Asset SPVs and Investment Entities, and Rs. 1,600 million for issue expenses. In Q2 FY26, Rs. 46,400 million was used for debt repayment and Rs. 97.66 million for issue expenses. Separately, Rs. 16,000 million raised via NCDs on September 26, 2025 was fully deployed for debt repayment during the quarter. The filing was made as required under SEBI's REIT Master Circular, with no objections from the Audit Committee or auditors.
This is a routine compliance filing and is positive for unitholders — it confirms that the Trust is using IPO and NCD proceeds exactly as disclosed, with full deployment toward debt repayment. No negative governance or diversion concerns arise from this disclosure.